The DXY has printed a reversal candle and is on the way to an engulfing candle
I think that a possible bear trap in the markets is likely
Bullish divergence on the RSI And Vumanchu vs price
and a breakout of the trend line
DXY losing the 200 hma on the 1h chart and failing to get above it multiple times.
So far the PA ranging and starting to lose support indicating it might be time to reverse.
Interesting, as the CPI report gets released today and the SPX and Crypto dangling at low support levels.
Let's see what happens today.
